East African countries in $8b investment plan

Railway line

Part of the funds will be used to build a railway line. PHOTO | FILE 

East African states will jointly benefit from at least $8.77 billion worth of investments in transport, healthcare, energy, and agriculture among other sectors, from deals made at the 2021 African Investment Forum concluded on Thursday.

The three-day event was organised by the African Development Bank (AfDB) in partnership with other finance organisations including Africa Export-Import (Afrexim) Bank and African Finance Corporation, and it yielded at least of $36.2 billion from 43 investment deals for the entire continent.